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AUSTIN, Texas February 20, 2015 The Austin-area housing market started
the year strong in January 2015, with single-family home prices reaching
all-time highs for the month of January and home sales posting double-digit
increases according to the Multiple Listing Service (MLS) report released
today by the Austin Board of REALTORS. This marks the fifth-straight month
of annual home sales increases and the fourth-straight month of double-digit
gains in home prices, as housing affordability continues to be a challenge in
the Austin market.
Austin-area monthly housing inventory was 2.2 months in January 2015, 0.2
months higher than January 2014 but still well below the 6.5-month inventory
level the Real Estate Center at Texas A&M University cites as a balanced
housing market.
Active listings in January 2015 rose nine percent year-over-year to 5,005
listings, while new listings increased one percent to 2,360 listings from January
2014. Austin-area homes spent the same time on the market as January 2014,
or an average of 63 days, and pending sales increased four percent to 2,026
sales during the same time frame.
January 2015 Statistics
2,360 New single-family home listings on the market, one percent more
than January 2014.
2,026 Pending sales for single-family homes, four percent more than
January 2014.
In the News:
Austin Real Estate Market
Lifted by Big Tech (as Long as It
Avoids Bubbles)
Riverview apartments hit the
market; investment sales on
torrid pace
House rental rates rising in
Austin, across the country
Mega-development underway in
Georgetown; Four-star hotel on
tap
Titan, Guggenheim turn dirt
for South Austin senior living
community
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